DALLAS, TX, February 1, 2019 – Dallas-based Stream Data Centers, the data center development and operating affiliate of Stream Realty Partners, has announced the successful completion of a sale-leaseback of two NTT Data campuses in Plano, Texas and Quincy Washington. Stream acted as advisor for the purchaser, a large San Francisco-based investment firm.
The Plano property is a large, infrastructure-rich corporate headquarters campus. The property contains over one million square feet of space, including two data center facilities occupied by NTT Data on a long-term basis, leasable office space, and an expandable on-site substation, facilitating future data center development.
The Quincy property is a data center facility also leased back to NTT Data on a long-term basis. The data center totals approximately 180,000 SF, with robust infrastructure including 14 MW of gross utility power. The transaction also included 60 acres of land for future data center development.
According to Co-Managing Partner Paul Moser, this was a complex transaction with many nuances.
At the end of the day, all parties achieved their desired goals and were extremely pleased with the outcome.
To learn more about Stream Data Centers’ products and services, visit the company’s website at www.streamdatacenters.com.
About Stream Data Centers
Since 1999, Stream Data Centers has set new standards for innovation, operational excellence and sustainability in the data center industry. With over 90% of its inventory leased to Fortune 100 customers, the company has acquired, developed and managed complex data center projects for the world’s most demanding users.
From location strategy and site selection to data center construction and operations, Stream develops wholesale colocation capacity and build-to-suit facilities for hyperscale and enterprise users in major markets across the United States. Headwaters, the company’s site development entity, employs a team of hyperscale experts dedicated to building a land bank for the data center industry, helping Stream and others uncover low-risk land sites for optimum data center development. Additionally, Stream provides energy services with a focus on reducing market risk and providing cost-effective renewable energy options.
Stream Data Centers is headquartered in Dallas, Texas and is the technical real estate affiliate of Stream Realty Partners, a full service commercial real estate investment, development and services company with 1,550+ professionals in 20 core markets, and $8.9 billion in annual transactions.
